REalloys (NASDAQ:ALOY) Stock Jumps 5.7% - What's Next?

Key Points

• REalloys shares rose 5.7% to approximately $8.46, though trading volume was about 90% below the stock’s average session volume.
• Analyst sentiment is mixed: the consensus rating is “Moderate Buy” with an average price target of $16, while Needham lowered its target from $19 to $16 and Weiss Ratings maintained a sell rating.
• The company reported weak fundamentals in its latest quarter, including a $0.59 per-share loss, just $0.80 million in revenue, a negative net margin, and a negative return on equity.

REalloys Inc (NASDAQ:ALOY - Get Free Report) traded up 5.7% during trading on Wednesday. The company traded as high as $8.32 and last traded at $8.4560. 183,576 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 1,879,173 shares. The stock had previously closed at $8.00.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALOY. Needham & Company LLC reduced their price objective on shares of REalloys from $19.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of REalloys in a research report on Monday, September 14th. Finally, Wall Street Zen upgraded shares of REalloys from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, REalloys currently has an average rating of "Moderate Buy" and an average price target of $16.00.

REalloys Price Performance

The stock has a 50 day moving average price of $10.05 and a two-hundred day moving average price of $11.01. The company has a market capitalization of $579.65 million, a price-to-earnings ratio of -2.64 and a beta of 1.37.

REalloys (NASDAQ:ALOY - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.59) earnings per share for the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%. The company had revenue of $0.80 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of REalloys during the second quarter worth $31,000. State of Wyoming acquired a new stake in REalloys in the second quarter worth about $47,000. Legal & General Group Plc acquired a new stake in REalloys in the second quarter worth about $80,000. Quantbot Technologies LP bought a new stake in REalloys during the 2nd quarter worth about $132,000. Finally, Sequoia Financial Advisors LLC bought a new stake in REalloys during the 2nd quarter worth about $144,000. Institutional investors and hedge funds own 3.58% of the company's stock.

REalloys Company Profile

REalloys, Inc NASDAQ: ALOY is a materials company focused on the production of rare-earth alloys and related advanced materials. Its products are intended to serve as feedstock for high-performance permanent magnets and other applications that require specialized magnetic and metallurgical properties.

The company's activities are associated with the growing demand for rare-earth materials used in electric vehicles, renewable-energy equipment, consumer electronics, industrial systems, aerospace and defense technologies.

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